The project to extend the complex of the Algerian-Qatari steel company in Bellara was launched on November 1 by the President of Algeria, Abdelmadjid Tebboune and the Emir of Qatar, Sheikh Tamim Ben Hamad Al-Thani, on the sidelines of the work of the 31st Summit of the League of Arab States. This Wednesday, November 9, …
The extension project of Bellara steel complex: an AQS official speaks Read More »
The Beshay Steel Factory announced iron prices in Egypt on 1-11-2022, an increase of 1700 pounds per ton, according to what the factory announced, provided that the new prices will be applied as of the first of November. For his part, Moheb Shafiq, a building materials trader, revealed in exclusive statements to Al-Mal that the …
Beshay Steel announces rebar prices for the month of November Read More »
According to the prices of the global steel markets, the scrap price reached 367$/tonne , Iron ore price was 92$/tonne , while the prices of billets ranged between 620 and 630$/tonne, and the prices of rebar ranged between 660 and 700$ / tonne, Wire Rod ranged between 730 and 730$ / tonne.
According to the prices of the global steel markets, the scrap price reached 371$/tonne , Iron ore price was 94$/tonne , while the prices of billets ranged between 525 and 630$/tonne, and the prices of rebar ranged between 700 and 710$ / tonne, Wire Rod ranged between 730 and 730$ / tonne.
According to the prices of the global steel markets, the scrap price reached 373$/tonne , Iron ore price was 96$/tonne , while the prices of billets ranged between 525 and 620$/tonne, and the prices of rebar ranged between 700 and 720$ / tonne, Wire Rod ranged between 740 and 760$ / tonne.
According to the prices of the global steel markets, the scrap price reached 369$/tonne , Iron ore price was 96$/tonne , while the prices of billets ranged between 520 and 625$/tonne, and the prices of rebar ranged between 680 and 700$ / tonne, Wire Rod ranged between 690 and 700$ / tonne.
According to the prices of the global steel markets, the scrap price reached 350$/tonne , Iron ore price was 98$/tonne , while the prices of billets ranged between 525 and 630 $/tonne, and the prices of rebar ranged between 690 and 710$ / tonne, Wire Rod ranged between 690 and 740$ / tonne.
In the January-August period this year, China’s rebar production totalled 155.426 million mt, down 13.8% yearly, according to China’s National Bureau of Statistics (NBS). In the first eight months, wire rod production amounted to 95.906 million mt, down by 12.3% yearly. In August alone, China’s rebar and wire rod production amounted to 19.252 million mt …
China’s rebar output down 13.8% in January-August 2022 Read More »
Eng. Saeed Ghamran Al Rumaithi, CEO of Emirates Steel Group, Arkan confirmed that the Group continues its excellent financial and operational performance, explaining that the results it achieved during the first half of this year confirm this. In an interview with Gulf News, Al-Rumaithi said, “Despite the decline in market momentum, the increase in fluctuations …
The launch of the new Emirati rebar in the last quarter Read More »
From January to August this year, China’s steel bars exports totalled 4.95 million tonnes, down 21.5 per cent year on year, while exports of wire coil reached 1.39 million tonnes, down 1.7% year on year. Meanwhile, China’s export volume of angles/channels reached 2.38 million tonnes in the specified period, up 25.3% yearly and 10.5 percentage …
China’s steel bar exports down 21.5 % in Jan-Aug 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 350$/tonne , Iron ore price was 98$/tonne , while the prices of billets ranged between 530 and 620$/tonne, and the prices of rebar ranged between 670 and 680$ / tonne, Wire Rod ranged between 680 and 750$ / tonne.
According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia recorded 3502.29 riyals in August 2022, a decrease of 7.9% compared to July 2022, which amounted to 3802.88 riyals, and a decrease of 4.8% compared to the price of August 2021, which amounted to 3669.99 riyals. As …
Average prices of rebar and cement in Saudi Arabia Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 177,448 mt in July 2022, up 101.3% from June and up 79.3% from July 2021 levels. By value, wire rod imports totaled $186.6 million in July 2022, compared to $105.7 million in June and $85.9 million in July …
US wire rod imports up 101.3% in July, Algeria and Egypt led Read More »
Mohammed Al-Afari, Senior Vice President of Marketing at Emirates Steel, Arkan, revealed the launch of a new rebar product called ES600, which is considered the first of its kind in the UAE and the region, and the company has obtained local certifications for it. According to Al-Afari, this new type reduces the cost of using …
Emirates Steel announces reinforcing steel that reduces the cost between 10% and 25% Read More »
Today, Monday, the Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef, announced three new projects in the Saudi iron and steel sector worth 35 billion riyals. During the second Saudi International Iron and Steel Conference, the minister said that the production capacity of new projects in Saudi Arabia is 6.2 million tonnes of iron …
The consolidated financial statements of Ezz Steel during the first half of this year showed an increase in the company’s profits by 72.3% on an annual basis. The company stated in a statement to the Egyptian Stock Exchange on13 September that it achieved profits of 4.12 billion pounds from January to the end of last …
Ezz Steel’s profits exceed 4.1 billion pounds during the first half of 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 360$/tonne , Iron ore price was 103$/tonne , while the prices of billets ranged between 535 and 590$/tonne, and the prices of rebar ranged between 680 and 720$ / tonne, Wire Rod ranged between 690 and 740$ / tonne.
In August this year, China (china)’s producer price index (PPI) for its ferrous metal smelting and rolling sector declined by 15.1 % year on year, with the declining pace 5.6 percentage points faster compared to that recorded in July this year, while down 4.1 % month on month, according to the data released by China …
China’s steel industry PPI declines by 15.1 % in August Read More »
According to the prices of the global steel markets, the scrap price reached 390$/tonne , Iron ore price was 95$/tonne , while the prices of billets ranged between 353 and 600$/tonne, and the prices of rebar ranged between 700 and 710$ / tonne, Wire Rod ranged between 750 and 760$ / tonne.
In July this year, Japan (japan)’s iron and steel product exports amounted to 2.48 million metric tons, dropping by 19.8 % month on month and by 18.9 % year on year, according to the customs statistics released by the Japan (japan) Iron and Steel Federation (JISF). In the January-July period this year, Japanese iron and …
Japan’s steel exports down 2.8% in January-July 2022 Read More »
The UK government has approved the UK Trade Remedies Authority’s (TRA) proposal of maintaining the existing antidumping measures on imports of cold rolled flat steel from China and Russia at their current levels until August 5, 2026, as expiration of the existing antidumping duty orders on imports of cold rolled flat steel from China and …
UK maintains AD duty on CRC from China and Russia Read More »
Egypt’s exports of “iron and steel” rose during the first half of this year by about 2% to record $774 million , compared to $762 million in the same period last year. The monthly report issued by the Export Council for Building Materials, Refractories and Metal Industries showed that Egypt exported iron and steel during …
Egypt’s steel exports rise to $774 million in H1 2022 Read More »
Rebar prices in the local market in the United Arab Emirates decreased by 6.5% to 2351 dirhams per ton for the month of September, compared to 2516 dirhams per ton in August. This is the lowest level of iron in the UAE since the beginning of the year. The Emirates-Arkan Steel Group announced fixing the …
Rebar in the Emirates to its lowest level since the beginning of the year Read More »
According to preliminary census data from the US (us) Department of Commerce, US (us) monthly steel imports in July 2022 decreased by 5.7 % from June to total 2,425,586 mt. A year-on-year comparison shows a 9.7% decrease. In terms of value, US (us) steel imports in July totaled $3.91 billion, compared to $4.05 billion in …
According to the prices of the global steel markets, the scrap price reached 402$/tonne , Iron ore price was 106$/tonne , while the prices of billets ranged between 525 and 580$/tonne, and the prices of rebar ranged between 580 and 580$ / tonne, Wire Rod ranged between 680 and 700$ / tonne.
Engineer Saeed Ghamran Al Rumaithi, CEO of Emirates Steel Arkan, said that the group was able to reduce the volume of bank loans and reduce reliance on short-term cash loans, which contributed to achieving additional savings and improving cash flow in general at the end of the first half of this year. . He added, …
Emirates Steel Arkan cuts bank loans and expands into new markets Read More »
According to the prices of the global steel markets, the scrap price reached 394$/tonne , Iron ore price was 102$/tonne , while the prices of billets ranged between 530 and 590$/tonne, and the prices of rebar ranged between 650 and 670$ / tonne, Wire Rod ranged between 700 and 700$ / tonne.
British Steel has hiked prices on some products as surging energy costs squeeze profit margins for manufacturers across Europe. The increase of £100 ($121) a ton from one of the UK’s top producers will apply to structural sections, a form of steel used in construction, a spokesman said. The company earlier increased prices on the …
British Steel Raises Steel Section Prices on Surging Energy Costs Read More »
According to the prices of the global steel markets, the scrap price reached 394$/tonne , Iron ore price was 111$/tonne , while the prices of billets ranged between 520 and 520$/tonne, and the prices of rebar ranged between 660 and 668$ / tonne, Wire Rod ranged between 700 and 730$ / tonne. Prices for iron …
In June this year, Turkey’s rebar exports amounted to 472,079 metric tons, up 19.8 % compared to May and decreasing by 29.1 % year on year,according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $398.96 million, increasing by 14.7 % compared to May and …